Rising need for energy efficiency, reduction in Green House emissions, sustainable developments and growing infrastructure will drive the global cold insulation market to $4.8billion by 2018. U.S. leads the world in terms of usage of advanced materials to increase the efficiency and reliability of operations that makes it the biggest market for cold insulation. The market here is expected to experience highest revenue growth during the next five years followed by Asia-Pacific.The factors driving growth in the global cold insulation market are high demand from current & emerging applications, increase in LNG, LPG, and other cryogenic gases, development & modernization of infrastructu...
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